Search results

  1. L

    Investment Loan from equity and its tax deductibility status

    Well to explain, basically I am very happy to stay with my current bank for any loans tied back to my PPOR, even though it seems they don't have the full flexibility of others. I am thinking that when I go to purchase (80%-90% LVR loan), I would look at other banks thus ensuring there is no...
  2. L

    Investment Loan from equity and its tax deductibility status

    Thank you :) That's what I wanted to hear. For some reason if I pay it all back into the loan, they (my bank) say that it will automatically close the loan. I was thinking that to keep it all investment related, I could just buy some shares with it straight away. Good question, something...
  3. L

    Investment Loan from equity and its tax deductibility status

    Yeah, for now. Is that a problem?
  4. L

    Investment Loan from equity and its tax deductibility status

    LOC not currently offered at my bank :/
  5. L

    Investment Loan from equity and its tax deductibility status

    I am sure my scenario is a common one, but I'd like some second opinions as I'm not sure what my accountant is telling me, is correct. I have a PPOR with $150k owing. I have accessed my equity in this property, so I now have a new Investment (Interest Only) Loan worth $210k. According to...
Back
Top